MR Tan, a 51-year old engineer doesn’t believe in using e-wallet or even shop online. He is pretty much an “old-school” chap. But when his friends started to talk about the ease of opening an account with a digital bank and the attractive rates offered, he decided to sign up.

Mr Tan was a happy man as he took less than 10 minutes to open his first digital bank account; and unlike conventional banking, he need not go through the hassle of going to a bank branch and wait for hours to do that.